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Green Bridge Industries Claims 306% Increase In Assets

November 20, 2009 (FinancialWire) — Green Bridge Industries, Inc. (OTC: GRBG) has reported a 306 percent increase in total assets for the quarter ending September 30, 2009 versus the previous quarter ending June 30, 2009.

The company reported $1,205,886 in total assets for the quarter ending September 30, 2009 as compared to $296,760 in the prior quarter, which it attributed to an aggressive merger and acquisition campaign.

In August, Green Bridge Industries acquired Trak-IT, Inc., a software development company, whose focus is developing its GPS based management software platform that connects with mobile devices and acts as a central location for storing and reporting data.

Green Bridge also said it acquired Vapor Technologies, Inc., a firm focused on the improvement of combustion efficiencies.

Later in the third quarter, Green Bridge Industries completed an agreement with Green Bridge Technologies International to sell Vapor Technologies in return for $5 million in restricted shares in Green Bridge Technologies International, Inc. The company has also been making a sales and marketing push to retailers across the country for its ZAP Stain Remover Pen.

Green Bridge Industries specializes in environmentally friendly cleaning products.

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